Salvage and rebuilt vehicle appraisal
A salvage or rebuilt appraisal is $179 plus tax. It documents the title brand, what was damaged, what was repaired and how that bears on value, which is precisely the thing a generic valuation guide does not carry.
Price and scope
| Salvage and rebuilt vehicle appraisal | $179.00 plus 5% GST and 7% PST |
|---|---|
| Rush handling, optional | $50.00 plus 5% GST and 7% PST |
| Turnaround | Scoped on receipt. Most branded title files are returned within two business days of acceptance. |
| How it is prepared | Remotely, from photographs and documents. No physical inspection. |
| Area served | All of British Columbia |
How much does a brand reduce value?
It depends on the vehicle, the severity of the original damage and the quality of the repair, and it is assessed on the evidence for your specific vehicle rather than by applying a fixed percentage. Anyone quoting you a flat discount without seeing the file is guessing.
What evidence makes the strongest file?
The inspection report, the repair invoices and photographs of the repaired areas, the frame, the panel gaps and the door jamb sticker. A rebuilt vehicle with a complete repair record appraises differently from an identical one with no paperwork, and that difference is legitimate.
Does this work for a PST appraisal too?
A branded vehicle bought privately still uses the FIN 320 for PST, and that form is $75. This service is the fuller valuation file for insurance, sale, financing or dispute. If all you need is the PST form, order that instead and keep your money.
What you need to supply
Photographs of the vehicle, and the documents below. If you cannot photograph the vehicle, say so on the form and supply substitute evidence instead. A report that rests on the wrong car is worth less than no report.
Photographs
- VIN plate
- Odometer with the VIN in the same frame
- Front three quarter and rear three quarter
- Both sides
- Interior, front and rear
- Engine bay
- All four tires, showing tread
- Any damage
- Repaired areas
- Frame rails
- Panel gaps
- Door jamb sticker
Documents
- Inspection reports
- Repair invoices
If the vehicle cannot be photographed
- Prior photographs or video, with dates
- A vehicle history report
- Service records
- A prior appraisal or insurance documents
- Registration
- Prior listings
- Bill of sale or auction record
- Claims history
- A written statement of who observed the vehicle and when
How this appraisal is prepared
This is a remote, desktop appraisal. No physical inspection is performed. The opinion of value is developed from photographs, documents, vehicle history data, market comparables and the information you provide. Its accuracy depends on the completeness and truthfulness of the materials supplied.
This report is an opinion of value for a vehicle carrying a title brand. It is not a repair quality inspection, not a safety certification, and not a statement that the vehicle is roadworthy.
IC Appraisal BC is an independent appraiser and is not affiliated with any institute or regulator, with ICBC, or with the BC Ministry of Finance.
No refund or settlement guarantee attaches to this service.
Salvage and rebuilt vehicle appraisal FAQ
Do you inspect the repair?
No. This is a remote appraisal. We report what the inspection reports, invoices and photographs show. A physical repair inspection is a different service performed in person.
What if the brand is from another province?
Say so on the form and supply the out of province documentation. How a brand carries into BC affects both registration and value, and the report needs to state the actual status rather than assume it.
Key facts, sources and verification
- Form
- FIN 320, Motor Vehicle Appraisal Form
- Governing legislation
- Provincial Sales Tax Act (British Columbia)
- Value reported
- Expected retail value on a private sale. The form states the appraised value is not a trade in figure.
- Valuation source
- Canadian Black Book
- Who may complete it
- A registered motor dealer, an equivalent business in another jurisdiction, or a person whose business it is to appraise motor vehicles
- Area served
- All of British Columbia, handled remotely
- Provider
- IC Appraisal BC
- Service
- Salvage and rebuilt vehicle appraisal
- Price
- $179.00 plus 5% GST and 7% PST
- Rush handling
- Optional, $50.00 plus tax
- Inspection type
- Remote. No physical inspection is performed, and the report states this.
Quick answers
- Who is allowed to complete a FIN-320 in British Columbia?
- The FIN 320 form states it must be completed by a motor dealer registered under the BC Motor Dealer Act, a person authorized to carry on a similar business in another jurisdiction, or "a person whose business it is to appraise motor vehicles." Bulletin PST 308 repeats the same requirement. IC Appraisal BC qualifies under the third category, and the appraiser signs the Part 5 certification on every form.
- How does BC decide how much PST you pay on a private vehicle sale?
- PST is charged on the greater of the purchase price or the average wholesale value, which Bulletin PST 308 defines as the Canadian Black Book value. If you believe the vehicle is worth less than that, you may provide a completed FIN 320. The bulletin then says that where the appraised value and the purchase price are both below the average wholesale value, PST is calculated on the greater of the appraised value and the purchase price.
- What value does a FIN-320 actually report?
- Retail value, not a trade in figure. The form itself carries the note that the appraised value "is NOT intended to be trade-in value but represents the expected retail value when a motor vehicle is sold privately." This is the single most common misunderstanding, and quoting a trade-in figure on a FIN 320 is a defect in the form.
- What is the difference between a FIN-320 and a FIN-355MV?
- The FIN 320 is the appraisal; the FIN 355/MV is the refund application. You present a FIN 320 when you register the vehicle to have PST charged on the appraised value in the first place. If PST has already been paid, the FIN 320 instead becomes an attachment to a FIN 355/MV refund claim, which the Ministry of Finance must receive within 30 days of the registration date.
- Can the seller get the appraisal, or does it have to be the buyer?
- Either. Bulletin PST 308 states that appraisals "may be obtained by the purchaser or seller of the motor vehicle." In practice the buyer usually orders it, because the buyer is the one paying the PST.
Sources
The statements above are drawn from the following primary documents. Each was checked against the source on the verification date below.
- FIN 320, Motor Vehicle Appraisal Form (BC Ministry of Finance)
- Bulletin PST 308, PST on Vehicles (BC Ministry of Finance)
- Notice 2022-005, PST on Motor Vehicles Purchased at Private Sales or Imported from Outside Canada
- FIN 355/MV, Application for Refund of PST Paid on a Motor Vehicle
Appraisals are prepared using Canadian Black Book, the same source ICBC and the Ministry of Finance rely on.
Verified against the source documents on .
This page is general information about British Columbia vehicle appraisal and PST, not legal or tax advice. PST is assessed by the BC Ministry of Finance and registration is handled by ICBC and Autoplan brokers, so the amount of tax owing or refunded on any particular vehicle is determined by them, not by the appraiser. Figures quoted from government publications were verified against the source documents on the date shown.